The Progressive Corporation PGR
205.50
3.33
1.65%
as of 25 Sep
- Market cap
- $117.7B
- P/E
- 10.3×
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| Dec '16 | Dec '17 | Dec '18 | Dec '19 | Dec '20 | Dec '21 | Dec '22 | Dec '23 | Dec '24 | Dec '25 | |
|---|---|---|---|---|---|---|---|---|---|---|
P/E ratio |
20.07 | 20.35 | 13.56 | 10.72 | 10.19 | 18.04 | 109.36 | 24.49 | 16.59 | 11.81 |
P/S ratio |
0.88 | 1.20 | 1.10 | 1.08 | 1.36 | 1.26 | 1.53 | 1.52 | 1.86 | 1.52 |
P/FCF ratio |
8.19 | 8.89 | 5.83 | 7.10 | 8.63 | 7.91 | 11.54 | 9.06 | 9.41 | 7.73 |
P/Operating CF |
45.23 | 60.25 | 32.43 | 37.46 | 37.38 | 132.71 | 81.80 | 38.79 | 46.64 | 42.12 |
P/B ratio |
2.60 | 3.46 | 3.40 | 3.21 | 3.50 | 3.38 | 4.94 | 4.78 | 5.48 | 4.40 |
Price to Tangible BV |
2.92 | 3.80 | 3.67 | 3.38 | 3.63 | 3.49 | 5.04 | 4.85 | 5.55 | 4.45 |
EV/Sales |
1.01 | 1.31 | 1.23 | 1.19 | 1.48 | 1.36 | 1.66 | 1.63 | 1.95 | 1.60 |
EV/EBITDA |
11.78 | 12.80 | 10.43 | 7.88 | 7.85 | 12.50 | 46.51 | 17.25 | 12.54 | 9.20 |
EV/Operating CF |
8.63 | 9.37 | 6.28 | 7.42 | 9.15 | 8.34 | 12.00 | 9.52 | 9.72 | 7.99 |
EV/FCF |
9.35 | 9.73 | 6.55 | 7.80 | 9.42 | 8.53 | 12.47 | 9.71 | 9.86 | 8.12 |
Quick Ratio |
0.30 | 0.31 | 0.30 | 0.30 | 0.30 | 0.30 | 0.31 | 0.28 | 0.26 | 0.23 |
Current Ratio |
0.30 | 0.31 | 0.30 | 0.30 | 0.30 | 0.30 | 0.31 | 0.28 | 0.26 | 0.23 |
Net Debt/EBITDA |
1.46 | 1.10 | 1.14 | 0.71 | 0.66 | 0.91 | 3.49 | 1.16 | 0.58 | 0.44 |
Debt/Assets |
9.42% | 8.54% | 9.46% | 8.03% | 8.42% | 6.89% | 8.47% | 7.77% | 6.52% | 5.61% |
Debt/Equity |
0.40 | 0.36 | 0.41 | 0.32 | 0.32 | 0.27 | 0.40 | 0.34 | 0.27 | 0.23 |
Asset Turnover |
0.74 | 0.74 | 0.75 | 0.77 | 0.72 | 0.71 | 0.68 | 0.76 | 0.78 | 0.77 |
Operating CF/Net income |
2.65 | 2.36 | 2.42 | 1.59 | 1.22 | 2.34 | 9.85 | 2.75 | 1.79 | 1.55 |
Capex/Depreciation |
(0.75) | (0.44) | (0.86) | (0.91) | (0.47) | (0.38) | (0.91) | (0.63) | (0.82) | (1.42) |
Interest Coverage |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| 13.52% | 18.47% | 26.45% | 33.55% | 38.20% | 19.39% | 4.19% | 21.97% | 37.30% | 40.45% | |
| 3.26% | 4.41% | 6.08% | 7.77% | 9.54% | 4.92% | 0.95% | 4.71% | 8.71% | 9.89% | |
ROIC |
9.92% | 12.31% | 14.39% | 19.44% | 21.29% | 12.83% | 4.21% | 12.81% | 22.17% | 25.39% |
Return on Tangible Assets |
(7.40%) | (9.72%) | (12.51%) | (16.32%) | (20.28%) | (10.35%) | (1.95%) | (8.89%) | (15.91%) | (17.28%) |
Average Days of Receivables |
99.56 | 104.66 | 104.93 | 101.83 | 104.21 | 110.03 | 119.55 | 100.21 | 92.66 | 80.96 |
Research and Development Expense of Revenue |
0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Selling, General and Administrative Expense of Revenue |
0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Intangible Assets out of Total Assets |
0.03 | 0.02 | 0.02 | 0.01 | 0.01 | 0.01 | 0.00 | 0.00 | 0.00 | 0.00 |
Share Based Compensation of Revenue |
0.36% | 0.36% | 0.24% | 0.23% | 0.21% | 0.21% | 0.25% | 0.19% | 0.16% | 0.15% |
Graham Net Nets |
(0.91) | (0.67) | (0.75) | (0.71) | (0.60) | (0.64) | (0.57) | (0.54) | (0.43) | (0.55) |
Graham Number |
23.34 | 31.28 | 42.14 | 58.55 | 78.57 | 62.33 | 26.56 | 70.87 | 119.17 | 149.82 |
Earnings Yield |
4.98% | 4.91% | 7.38% | 9.32% | 9.81% | 5.54% | 0.91% | 4.08% | 6.03% | 8.47% |
Free Cash Flow Yield |
12.21% | 11.25% | 17.16% | 14.08% | 11.59% | 12.64% | 8.67% | 11.04% | 10.63% | 12.94% |
Revenue per Share |
40.30 | 46.21 | 54.91 | 66.84 | 72.93 | 81.61 | 84.89 | 106.19 | 128.73 | 149.53 |
Operating CF per Share |
4.70 | 6.47 | 10.79 | 10.73 | 11.81 | 13.28 | 11.72 | 18.20 | 25.82 | 29.93 |
Capex per Share |
(0.36) | (0.24) | (0.44) | (0.53) | (0.34) | (0.30) | (0.44) | (0.35) | (0.36) | (0.46) |
Free Cash Flow per Share |
4.34 | 6.23 | 10.35 | 10.19 | 11.46 | 12.98 | 11.28 | 17.85 | 25.47 | 29.47 |
Cash per Share |
0.39 | 0.47 | 0.13 | 0.39 | 0.13 | 0.35 | 0.38 | 0.17 | 0.26 | 0.24 |
Shareholders Equity per Share |
13.68 | 15.99 | 18.58 | 23.42 | 29.13 | 31.19 | 27.19 | 34.67 | 43.71 | 51.72 |
Interest Debt per Share |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Book value per Share |
13.68 | 15.99 | 18.58 | 23.42 | 29.13 | 31.19 | 27.19 | 34.67 | 43.71 | 51.72 |
Free Cash Flow |
2,523.90 | 3,616.40 | 6,028.20 | 5,951.40 | 6,704.00 | 7,584.40 | 6,592.00 | 10,438.00 | 14,911.00 | 17,280.00 |
Working Capital |
(15,106.80) | (17,500.20) | (21,865.60) | (25,373.00) | (29,097.60) | (33,266.90) | (36,715.80) | (44,373.00) | (53,973.00) | (66,236.00) |
Capital Expenditures |
(208.80) | (140.40) | (256.60) | (310.20) | (201.60) | (177.30) | (257.00) | (205.00) | (208.00) | (268.00) |
Net Current Asset Value |
(18,850.00) | (21,445.20) | (26,485.00) | (30,123.70) | (34,803.70) | (38,318.60) | (43,104.10) | (51,262.00) | (60,866.00) | (73,133.00) |
EV/EBIT |
13.67 | 14.51 | 11.31 | 8.36 | 8.29 | 13.74 | 55.29 | 18.27 | 12.82 | 9.31 |
Capex to Sales |
0.01 | 0.01 | 0.01 | 0.01 | 0.00 | 0.00 | 0.01 | 0.00 | 0.00 | 0.00 |
Net Profit Margin |
4.40% | 5.93% | 8.11% | 10.11% | 13.31% | 6.97% | 1.40% | 6.22% | 11.23% | 12.90% |
Price to Operating Income |
11.97 | 13.26 | 10.07 | 7.61 | 7.59 | 12.75 | 51.15 | 17.04 | 12.23 | 8.86 |
| Other line items | ||||||||||
Depreciation/Fixed assets |
0.24 | 0.29 | 0.26 | 0.28 | 0.39 | 0.41 | 0.27 | 0.37 | 0.32 | 0.24 |
Cash ROIC |
13.73% | 20.50% | 33.68% | 27.57% | 25.76% | 28.39% | 25.84% | 35.80% | 43.90% | 44.88% |
Accounts Receivable Turnover |
3.95 | 3.81 | 3.79 | 3.89 | 3.70 | 3.59 | 3.24 | 3.73 | 4.17 | 4.55 |
Accounts Payable Turnover |
1.06 | 1.03 | 1.01 | 0.99 | 0.90 | 0.96 | 0.95 | 0.99 | 0.95 | 0.91 |
Inventory Turnover |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Average Days of Payables |
365.20 | 380.81 | 398.86 | 397.91 | 430.74 | 406.21 | 405.29 | 397.03 | 418.44 | 431.41 |
Days of Inventory on Hand |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Average Receivables |
5,935.25 | 7,044.95 | 8,444.55 | 10,039.70 | 11,532.85 | 13,279.75 | 15,314.50 | 16,650.50 | 18,093.00 | 19,289.50 |
Average Payables |
20,487.50 | 23,599.30 | 28,302.60 | 33,810.20 | 38,920.10 | 44,601.30 | 50,517.35 | 57,355.35 | 67,393.00 | 79,540.00 |
Average Assets |
31,623.40 | 36,064.35 | 42,638.10 | 50,742.75 | 59,504.40 | 67,615.30 | 73,298.65 | 82,078.00 | 97,218.00 | 114,392.00 |
Average Common Equity |
7,623.25 | 8,620.95 | 9,806.35 | 11,753.60 | 14,862.00 | 17,141.20 | 16,567.40 | 17,590.05 | 22,687.00 | 27,957.00 |
Columns are period end dates